Use the following financial statements for Lake of Egypt Marina, Inc. 2018 2017 Assets Current assets: Cash and marketable securities Accounts receivable Inventory Total Fixed assets: Gross plant and equipment Less: Depreciation LAKE OF EGYPT MARINA, INC. Balance Sheet as of December 31, 2018 and 2017 (in millions of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 55 $ 48 Accrued wages and taxes 45 52 Accounts payable 180 92 Notes payable $280 $192 Total Long-term debt: $265 $224 Stockholders' equity: 70 40 Preferred stock (2 million shares) Common stock and paid-in surplus $195 $184 (24 million shares) 25 24 Retained earnings $220 $208 Total $500 $400 Total liabilities and equity $ 40 45 50 $135 $ 51 $36 44 52 $132 $138 $ 2 $ 2 Net plant and equipment Other long-term assets Total Total assets 24 288 $314 $500 24 104 $130 $400 2017 $ 5 400 120 280 16 $ LAKE OF EGYPT MARINA, INC. Income Statement for Years Ending December 31, 2018 and 2017 (in millions of dollars) 2018 Net sales (all credit) $ 680 Less: Cost of goods sold 216 Gross profits $ 384 Less: Other operating expenses 38 Earnings before Interest, taxes, depreciation, and amortization (EBITDA) 354 Less: Depreciation 3e Earnings before interest and taxes (EBIT) 5 324 Less! Interest 24 Earnings before taxes (EBT) $ 300 Less: Taxes 90 Net income $ 210 Less: Preferred stock dividends $ 2 Net income available to common stockholders $ 208 Less: Common stock dividends 24 Addition to retained earnings $ 184 Per common) share data: Earnings per share (EPS) $ 8.667 Dividends per share (DPS) $ 1.000 Book value per share (BVPS) $13.00 Market value (price) per share (VPS) $15.300 264 24 240 20 220 66 $ $ 15-4 $ $ 2 152 24 128 $ $ 6.333 $ 1.000 $5.333 $13.100 Calculate the following ratios for Lake of Egypt Marina, Inc. as of year-end 2018. (Use sales when computing the inventory turnover and use total equity when computing the equity multiplier. Round your answers to 2 decimal places. Use 365 days a year.) LAKE OF EGYPT MARINA, INC. a Current ratio b. Quick ratio C Cash ratio d. Inventory turnover e Days' sales in inventory f Average collection period 9. Average payment period h Fixed asset turnover Sales to working capital Total asset turnover k Capital intensity 1 Debt ratio m. Debt-to-equity n. Equity multiplier 0 Times interest earned P Cash coverage 9 Profit margin Gross profit margin 5 Operating profit margin 1 Basic earnings power ROA V ROE w Dividend payout Market to book ratio Y PE ratio times times times times days days days times times times times % times times times times % % % % % % % times times